Nevertheless, its acquisition of Weavy is a strong addition to the company's AI strategy, contributing to Figma's ability to ...

July 31 (UPI) --Collaborative design firm Figma Inc. raised $1.2 billion with an initial public offering on Thursday, with shares trading for $33, which increased its market share to $19.3 billion.

Figma Inc. has bought Weavy Inc., a startup with an artificial intelligence platform for creating images and videos. Figma announced the acquisition today without disclosing its financial terms.

As recently as 2021, Figma was a one-product company. That product was Figma Design, the dominant tool for creating app and web interfaces. The company’s subsequent addition of offerings such as ...

Nov. 28 (UPI) --The British Competition and Markets Authority on Tuesday said the proposed purchase of design software company Figma by Adobe would harm competition. The watchdog said the deal would ...